KKR had tried to sell Kokusai to US semiconductor firm Applied Materials, but Chinese anti-trust authorities blocked the move, which was dropped in 2021. Kokusai Electric, a Japanese builder of tools for making semiconductors, went public on Wednesday in Tokyo’s largest public offering in five years. The listing was set to be worth at least…
Globally, ER&D spending has accelerated post-pandemic, with a CAGR of 7%-8% from 2020 to 2023. New Delhi: In a rapidly evolving landscape of key industrial sectors facing significant technological disruption, investing in Engineering, Research & Development (ER&D) has become inevitable. The global ER&D industry is poised for substantial growth, projected to increase from an estimated…
More dynamic than ever, featuring a wealth of digital innovations and all-electric drive for the first time, the eighth generation of the BMW 5 Series Saloon continues to stand for advanced technology combined with sporty, elegant design and hallmark driving pleasure. The new generation of the world’s most successful business saloon also intensifies its commitment…
Every now and then in this business, I come across a concept car that an automaker would be crazy not to build. After seeing it for myself at the Japan Mobility Show today, I’m convinced the Toyota EPU Concept fits that bill. If Toyota doesn’t build this compact electric pickup truck, then it must not enjoy…
Fewer than one in 400 Toyotas sold are EVs, the environmental group said. Tokyo’s rebranded auto show returns this weekend just as China looks set to overtake Japan as the world’s biggest car exporter after Toyota, Nissan and others got stuck in the electric vehicle slow lane. Since the last edition in 2019, the EV…
Tresa Motors is also recruiting over 100 professionals with focus on attracting top talents from major industry giants over the next 6-9 months to fortify its senior and mid-level engineering team. Tresa Motors, a leading OEM manufacturer of medium and heavy electric trucks in India, plans to establish state-of-the-art manufacturing and R&D facilities. The company…
The LF-ZL represents a future Lexus flagship luxury model, aiming to offer a prestigious ownership experience beyond just the car, driven in next-generation BEV architecture and software advancements from the new Arene OS. Taking advantage of the freedom in BEV-specific packaging and optimizing interior space, LF-ZL has a spacious and serene cabin where traditional Omotenashi…
PMI Electro Mobility received its maiden investment from PCF in the form of convertible securities. Leading electric bus manufacturer PMI Electro Mobility Solutions Pvt. Ltd. has received strategic investment of INR 250 crore from Piramal Alternatives, the fund management business of the Piramal Group to bolster its green mobility initiatives. The investment has been made…
YSRCP is taking up the ‘Samajika Sadhikara Bus Yatra’ to highlight the party’s empowerment of SC, ST, BC and minorities. In a move to consolidate its footprint among the BC, SC, ST and minority electorate, the ruling YSRCP is launching a ‘bus yatra’ on Thursday. Ministers, legislators and constituency in-charges have all been directed to…
At the Japan Mobility Show today, Nissan unveiled the Nissan Hyper Force, the resounding finale to its innovative series of five “hyper” concept vehicles. With one EV concept revealed every week since Oct 3 leading up to the show, Nissan displayed its ability to envision a wide range of future customer needs and lifestyles, and…
